Meats Futures Prices
- Here Comes The Fed!
At 1 p.m. the....
- Pork Bellies - Morning and Afternoon Hog Cutout Values
Watch for pork belly top.
- Longest Journey Begins With One Step
A process not an event is likely what will....
- Livestock Report
- The Windy City Trader 7/25/17
Late last week the headlines rang out “JUICE IS FREE !!!!”. Orange juice immediately dropped 20 cents on that news. OK just kidding folks, that’s...
- Cold Storage Confirmed Record Low Belly Stocks
Cash was down .50 yesterday with more of the same in store for today. Look for a steady to slightly lower open in both LC and FC on the backside of limit...
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Live cattle futures are mixed on Wednesday with Aug 15 cents higher and back months lower. Feeder cattle futures are mostly 72.5 cent to $1.05 lower. The CME feeder cattle index was down 31 cents on July 24 to $151.57. Wholesale beef prices were lower in the morning report, with choice boxes down 7 cents at $207.55 and select 59 cents lower at $198.34. Estimated FI cattle slaughter through Tuesday was 230,000 head, even with last week and 5,000 head larger than same week last year. This morning’s FCE online auction saw 772 of the 2,119 head sold at an average price of $117.68, 59 cents lower than last week. Sales ranged from $117.50 to $118.25. As of midday, bids of $117 are being reported across most regions. Aug 17 Cattle are at $113.325, up $0.150, Oct 17 Cattle are at $112.500, down $0.275, Dec 17 Cattle are at $113.250, down $0.375, Aug 17 Feeder Cattle are at $145.475, down $1.050 Sep 17 Feeder Cattle are at $146.300, down $0.850 Oct 17 Feeder Cattle are at $145.700, down $0.725
Lean hog futures were mostly steady in the back months to $1.075 higher in the Aug contract. The CME Lean Hog Index for 7/21 was 54 cents lower than the previous day at $91.13. The USDA pork carcass cutout value was 19 cents higher in the Tuesday afternoon report, with a weighted average of $102.40. Bullish bastion pork bellies were lower. The national base hog carcass price was 31 cents lower with a weighted average of $82.08. Week to date FI hog slaughter was estimated at 857,000 head through Tuesday, 1,000 head fewer than the previous week but 2,000 over the same week in 2016.